Sail Boat Sales
If you are on lookout for sail boat sales, there are some aspects you have to take into consideration with regard to both to the boat and the boat finance. Since the boat is the prime issue when you start your hunt let us discuss that initially.
Whether you want a new boat or a used one should be your earliest resolve. New boats cost much more, but they have their gains if you can pay for them. The finance agreements and warranties on new boats can be better than those for used ones. Even though, used boat sales also have their advantages for example the fact that the preliminary problems that sometimes new boats have, just as with brand new cars or houses, will all have been sorted out. Hence the selection is yours to make, and whatever you decide you have to ensure that you are getting a boat that:
a) Is exactly what you were looking for,
b) Is in good state, and
c) You can get a loan for.
Primarily, when searching for sailboats being sold you should know what you are searching for. You must take a decision on what type of sailboat you need: the normal number of people who will be using it together during one sail, and what is it it’s chief purpose - fishing, pleasure cruising or sports, such as diving. It does not make sense to purchase a used Coronet 20 footer if your chief purpose is to go cruising for a few days or if your family is fairly large. Sure, the $8,000 tag looks very reasonable, but is that what you should get?
If you are thinking about diving or fishing for a few days, and bring together the exuberance of a sailboat with the security of a motor cruiser, a Sparkman and Stevens 35 footer, with its 16 HP Yanmar engine and a full set of rigging plus spinnaker will be adequate for your needs, particularly with its 4 berths. Sure, the secondhand rate of $78,000 is high, but there is boat finance available to help you make payments for this.
The second aspect is that, your sail boat must be in a good state. If it has an engine and it is powered up ready to go when you go for your water test, then watch out, because there might be something wrong with the engine - maybe it's difficult to start or the seller is attempting to cover some other glitch. If the owner does not suggest a water test then be extra watchful. Also make sure that the seller really owns the boat! It has occurred frequently that a boat was sold by someone just hiring it or even after just taking it on hire purchase.
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A professional should always look over the boat for you, specially if you are not an expert on boats . There are organizations that do this for a charge, but just to make certain that you are not buying a dud, it is worth the price. There's a lot that must be checked when you locate the sailboat of your dreams: the engine, fuel tanks, rigging, condition of the sails, the steering and much more.
Also find out the berthing systems if any. In case the boat requires a trailer do you have one. That could mean further cost. If you have to berth it in a marina will you be able to get one, and what are the payments to be incurred? Is there a harbour near by that you can employ or a slipway available to launch it? Can you keep it in your own garage? These are all queries you will have to raise.
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When it concerns the finance and boat insurance, a specialized report may be required by the insurance company. This is generally done by a marine surveyor with a skilled knowledge of the laws and regulations relating to your area. The finance itself should not be a hassle if you have a good credit track record. In case this is not possible, then the boat itself might be good enough as security for the boat loan, particularly if you can put down an ample deposit.
Boat finance arrangements can differ, reliant both upon your credit report and how much you can afford to pay every month. But if you contact a trustworthy broker who has many other brokers who they are connected with, then you have a satisfactory likelihood of getting the boat loan that you need. You might get a good deal even with a bad credit history, so don't let that deter you.
Nevertheless, one advice that you should keep in mind before setting off to check all these boats being sold that you have discovered is to get your boat finance completed in the beginning. If you have an amount decided in advance, then you know what you can afford to offer, and will not have to try to look for the loans for a boat you have liked - that's when somebody who can pay cash can jump in ahead of you and get your boat!